This property looks like a bad Long-Term investment with a projected -8.4% first-year return on $60,879 initial cash invested.
-8.4%
Cash On Cash
5.31%
Cap Rate
0.8
DSCR
$2,107
Rent
-$426
Cashflow
Cash Flow
$2,107 income − $2,533 expenses = $426 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,879
Downpayment
20%
$57,980
Closing costs
1%
$2,899
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,107
Total Expenses
$2,533
Mortgage P&I
76%
$1,604
Property Taxes
13%
$280
Home Insurance
5%
$102
HOA
0%
$0
Property Management
10%
$211
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0